0.21 = 19 days which was 19 January. That wasn’t funding by way of share placement but a top up of the payday loan at 4.5% monthly interest. At least Frank & Co got their $708k back from that. Now another $510k top up on loan, that’s just opening more port holes in a sinking ship. Two promises made in this announcement to make up for earlier advice that didn’t eventuate - annual report by end Feb (was end Jan in reply to asx) and full recapitalisation by end March (lost count how many times this has been repeated).
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-4
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